March 25, 2020
I have utilized investments in leveraged and inverse funds over the course of multiple years, and I am very much opposed to proposed new regulations that could restrict utilization of these funds through investor qualification requirements.
I am aware of the performance characteristics of these type of funds, and have observed that they can provide useful functions for investors. Although the proposed new regulations may have good intentions for protecting investors, it is likely that more harm than good would result through these restrictions. The SEC has not proven a need for these regulations that justifies the restrictions on the freedoms of investors to purchase publicly traded securities.